William Blair Investment Management LLC Sells 99,724 Shares of Sterling Infrastructure, Inc. $STRL

William Blair Investment Management LLC cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,697 shares of the construction company’s stock after selling 99,724 shares during the period. William Blair Investment Management LLC’s holdings in Sterling Infrastructure were worth $187,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STRL. BlackRock Inc. acquired a new position in Sterling Infrastructure in the second quarter valued at about $2,713,946,000. State Street Corp boosted its holdings in Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after buying an additional 433,311 shares during the last quarter. Invesco Ltd. grew its position in shares of Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares during the period. First Trust Advisors LP grew its position in shares of Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after buying an additional 188,048 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at about $144,725,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 0.7%

NASDAQ:STRL opened at $516.81 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.81 and a beta of 1.88. The stock has a 50-day moving average price of $675.12 and a two-hundred day moving average price of $597.24.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current year.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Oppenheimer began coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. KeyCorp decreased their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Cantor Fitzgerald lowered their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, DA Davidson upgraded shares of Sterling Infrastructure to a “strong-buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $690.33.

About Sterling Infrastructure

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.